Bitcoin Flips On One-Month Postponement Of U.S. Tariffs

Trump"Applying 25-40% Tariffs from August 1 to 14 Countries"
Market "The Tariff Rate Will be Reductied"…BTC, $108,000 Sideways
Altcoin Continues Sideways...Expert "BTC Depends on U.S. Agency"

When U.S. President Donald Trump suspended the application of mutual tariffs to 14 countries, including South Korea and Japan, for about a month, the cryptocurrency market, including Bitcoin(BTC), went sideways without falling on Jul. 8.

President Trump sent a 'tariff letter' to 14 countries, including South Korea and Japan, stating 25-40% of mutual tariffs by countries, informing them that it would be imposed from August 1. This is a decision to suspend the grace period, which was announced on the 9th, for about another month.

The asset market fluctuated, and the cryptocurrency market showed the same trend as the interpretation that countries such as Korea and Japan have room for further negotiations to lower tariff rates by the 1st of next month.

Altcoins also maintained the same price range as the previous day, including Bitcoin's $108,000 sideways.

◇Bitcoin = Bitcoin price is $108,375 at 4:30 p.m. on Jul. 8, 2025. The Bitcoin share(dominance) was 65.31%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 40.64% and 59.36%, according to the on-chain analytics platform Sigbtc.

It has been analyzed that U.S. institutional investors are currently defending the price of bitcoin, and that the flow of bitcoin will be determined by the movement of U.S. institutional investors.

The Dark Post, a cryptocurrency analyst, pointed to the "Coinbase Premium Gap" on the 8th and claimed that the price of Bitcoin continued to be propagated as institutional investors in the U.S. continued to buy Bitcoin.

"If the buying pressure of U.S. institutional investors continues, Bitcoin may enter the next stage, but if the current buying pressure decreases, Bitcoin may turn downward," the Dark Post explained.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jul. 7 was Hunt(HUNT), up about 10% on the day alone.

Hunt aims to build a blockchain platform that helps digital nomads through the development of Dapp, a decentralized app. HUNT is a cryptocurrency used in Hunt.

Digital Nomad is a term that refers to a person who performs work or makes a living by using communication technology regardless of location in the dictionary sense. People who make a profit by doing SNS activities such as YouTube or blogs rather than belonging to a company and receiving a salary can also be seen as a kind of digital nomad.

Hunt is building a platform ecosystem for digital nomads through DApps such as Nomad Task, Steamhunt, and Neverlose.money.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 65 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 49.1, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr